HSBC Global Asset Management (UK) PLC has disclosed a 1.28% stake in Barratt Developments plc, as of 16th April 2024. The disclosure was made in accordance with Rule 8.3 of the Takeover Code. HSBC Global Asset Management revealed that it owns and/or controls 12,437,178 relevant securities of Barratt Developments plc. Additionally, the disclosure includes details of purchases and sales of 10p ordinary shares, with 22,698 securities purchased at a price of 452.18372103269 per unit.
The disclosure also indicates that there are no indemnity or other dealing arrangements, agreements, arrangements, or understandings relating to options or derivatives. Furthermore, no Supplemental Form 8 (Open Positions) is attached to the disclosure. The contact person for this disclosure is Steven Styles, with a provided telephone number for further consultation.
This disclosure provides insight into HSBC Global Asset Management's significant stake in Barratt Developments plc, offering transparency and compliance with regulatory requirements. It also indicates the recent purchase of a substantial number of ordinary shares, reflecting the firm's ongoing investment activities.